Economics
Latest
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Risks and Threats from Deficits and Debt
After two decades of uninterrupted borrowing – including three years in which deficits surpassed 10 percent of the economy – the U.S. national debt is...
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Surging Inflation Highlights Need for Deficit Reduction, Not Tax Cuts
CPI inflation set another forty-year record today, rising by 1.3 percent this month and 9.1 percent over the past year. CPI has already risen more...
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The Fed’s Latest Economic Projections Show Higher Inflation, Lower Growth
The Federal Open Market Committee (FOMC) of the Federal Reserve released updated economic projections at its meeting last month. Along with the FOMC’s...
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Marc Goldwein: The Fed Needs a Helping Hand to Fight Inflation
Marc Goldwein is senior vice president and senior policy director of the Committee for a Responsible Federal Budget. He recently wrote an opinion...
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Six Ways to Fight Inflation
Personal Consumption Expenditure (PCE) inflation rose by 6.3 percent over the past year and 0.6 percent last month according to new data from the...
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Fight Inflation by Lowering Deficits, Not Boosting Them
Yesterday, President Biden told reporters the Administration was nearing decisions on whether to cancel student debt by executive order and whether to...
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What Would Higher Interest Rates Mean for the Debt?
Interest payments on the national debt are projected to be the fastest-growing part of the federal budget. Under the Congressional Budget Office's...
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Surging Inflation Calls for Responsible Budgeting
Today, the Bureau of Labor Statistics estimated the Consumer Price Index (CPI) grew by 1.0 percent in May and 8.6 percent over the past year. Core CPI...
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Rumored Student Loan Cancellation Would Cost $230 Billion
Press reports indicate that President Biden could soon announce a plan to cancel at least $10,000 in debt for the vast majority of student loan...
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Presentation: Fiscal Policy in a Time of High Inflation
On May 26, 2022, Marc Goldwein of the Committee for a Responsible Federal Budget gave a presentation to the National Economists Club on the possible...
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April CPI Shows Inflation Is Still Out of Control
Today, the Bureau of Labor Statistics estimated the Consumer Price Index (CPI) grew by 0.3 percent in April and 8.3 percent over the past year. Core...
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Fed’s Interest Rate Hike Underlines Importance of Reducing Debt
The Federal Open Market Committee (FOMC) of the Federal Reserve just announced an interest rate hike of 50 basis points, pushing the federal funds...